N'Assembly to okay N22.7tn debt restructuring Tuesday

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The Senate President, Ahmad Lawan, has declared the Senate is ready to approve the N23.7tn debt restructuring request made by the President, Major General, Muhammadu Buhari, (Retd.), in December last year.

On Tuesday, however, Lawan asked the executive arm of government to provide the details of the N22.7tn Ways and Means restructuring request.He said the Senate was ready to approve the request after thorough scrutiny which could only be done if required details were provided by relevant officials from the executive arm of government.

He said, “We must have the necessary information for passage of the N22.7tn request and time is not on our side in the Senate now in view of coming general elections. “ If there is a need for the Senate to sit up to Friday this week for thorough consideration and passage of the request, it will be done but the affected officials from the executive must also expedite action on the provision of the required information as regards documents authorising approval and disbursement of the monies totaling N22.7trillion”, he said.All rights reserved.

Source: Loan Digest (loandigest.net)

 

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